The exponential increase of Internet of Things (IoT) devices have resulted in a range of new and unanticipated vulnerabilities associated with their use. IoT devices from smart homes to smart enterprises can easily be compromised. One of the major problems associated with the IoT is maintaining security; the vulnerable nature of IoT devices poses a challenge to many aspects of security, including security testing and analysis. It is trivial to perform the security analysis for IoT devices to understand the loop holes and very nature of the devices itself. Given these issues, there has been less emphasis on security testing and analysis of the IoT. In this paper, we show our preliminary efforts in the area of security analysis for IoT devices and introduce a security IoT testbed for performing security analysis. We also discuss the necessary design, requirements and the architecture to support our security analysis conducted via the proposed testbed.